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Why settle for less when you can

maximize

at a minimum cost?

AEGON Religare iMaximize Insurance Plan

A unit linked insurance plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. You work hard to give your family nothing but the best. We understand the effort you put to save every penny for your familys future. When it comes to investments, you want to reap the benefits at optimum costs. At AEGON Religare Life Insurance, our endeavour is to provide you with newer solutions that give you the best value for money. Keeping this in mind, we introduce AEGON Religare iMaximize Insurance Plan that aims to maximise your investment. It has no Premium allocation charges, thus increasing the availability of more fund for investment. It is not only a value for money investment but also provides you a choice for opting the protection (death benefit) suitable for you. Moreover, you can avoid the trouble of going through a cumbersome process and get yourself insured directly, through our direct sales channels. It is not only simple but also available at your finger tips.

paid to date, the excess amount will be switched to Secure Fund. E.g. Policy was issued on 01.01.2012 with monthly premium of `1,00,000. On 29.01.2012 the fund value becomes `1,20,000. In this case the excess amount i.e. `20,000 (120,000 - 100,000) will be switched to Secure Fund. By doing this the growth that has been achieved in the Accelerator Fund moves in to the Secure Fund, which provides the security of very low volatility risk. This check is carried out on a daily basis as and when the Accelerator Fund is priced. Self Managed Portfolio Strategy : If you do not wish to invest in Trigger Portfolio Strategy and want to manage the investment on your own, you can opt for the Self Managed Portfolio Strategy. Under this strategy, you have the option to invest in any of the three investment funds available in any proportion. The investment funds are as below: Fund Type Secure Fund Objective Generate attractive investment income while providing the security of very low volatility risk since asset durations would be reasonably small. Aims to maintain a balance between equity and debt exposure, to have a stable and attractive long-term return. It will also shift allocation between debt and equity, to gain from asset price movements over medium to long-term. Invest in equities of various sectors to diversify the portfolio and generate attractive returns in the long-term. It also has the flexibility to invest in fixed interest assets and money market instruments up to 20% each. Risk Return Profile Equities Fixed Interest Securities & Money Market Instruments 100%

Conservative

0%

Stable Fund

Moderate

20% 80%

20% 80%

Key Benefits

Option to choose from two investment portfolio strategies Special units from 12th policy year till maturity, to boost your fund value Choice of two death benefits for policies under regular premium Option to pay your premium through regular mode or single mode Option to pay additional premium at no extra cost Tax benefits as per prevailing tax laws

Accelerator Fund

Aggressive

80% 100%

0% 20%

SFINs: Secure Fund - ULIF00505/07/08SF0138, Stable Fund- ULIF01303/09/10STABLE0138, Accelerator Fund- ULIF01203/09/10ACCELERATE0138 Discontinuance Policy Fund - (SFIN: ULIF01403/09/10DISCONPF0138) means the fund value as on the date the policy has discontinued, after addition of the entire income earned and after deduction of the fund management charges, subject to a minimum guarantee of the interest, as applicable to savings bank accounts of State Bank of India or such other rate as may be prescribed by IRDA from time to time.

How does the plan work?

All you need to do is follow these simple steps: Step 1 : Choose to pay your premiums under regular payment mode or a one time lump sum as a single premium Step 2 : Choose the amount of insurance cover you need (Sum Assured) Step 3 : Decide on the Policy Term Step 4 : Invest your premium in choicest of 3 investment funds OR opt for the unique Trigger Portfolio Strategy.

Benefits
Maturity - On maturity, you receive the fund value existing on maturity date. Partial Withdrawal - You can partly withdraw your money after the first 5 policy years. The maximum amount of partial withdrawal allowed in any policy year is 20% of the fund value at the beginning of that policy year. Discontinuance - You can discontinue your regular premium policy any time. Discontinuance value is paid after first 5 years. Discontinuance value is fund value minus the discontinuance charges of the year in which the premium was discontinued. The charge will depend upon the period for which you have paid your premium, as given below. There is no discontinuance charge on single premium policies or top-up or if the policy is discontinued after 4 policy years. Where the policy is discontinued during the policy year 1 2 3 4 5 onwards Discontinuance charges for annualised premium upto ` 25,000 Lower of 20% (AP or FV) subject to maximum of ` 3,000 Lower of 15% (AP or FV) subject to maximum of ` 2,000 Lower of 10% (AP or FV) subject to maximum of ` 1,500 Lower of 5% (AP or FV) subject to maximum of ` 1,000 Nil Discontinuance charges for annualised premium above ` 25,000 Lower of 6% (AP or FV) subject to maximum of ` 6,000 Lower of 4% (AP or FV) subject to maximum of ` 5,000 Lower of 3% (AP or FV) subject to maximum of ` 4,000 Lower of 2% (AP or FV) subject to maximum of ` 2,000 Nil

Investment Portfolio Strategies

With AEGON Religare iMaximize Insurance Plan you have the option to choose from two unique portfolio strategies: 1. Trigger Portfolio Strategy 2. Self Managed Portfolio Strategy Trigger Portfolio Strategy : AEGON Religare iMaximize Insurance Plan offers a new Trigger Portfolio Strategy under which the premiums paid are invested in Accelerator Fund. As soon as the fund value under Accelerator Fund is equal to or more than 110% of all the premiums

AP is Annualised Premium and FV is Fund Value

Death - You have the option to choose death benefit if you have opted for regular premium. Death Benefit Option 1: In case of an unfortunate demise of the Life Assured, the nominee receives higher of Sum Assured (including sum assured increased on account of payment of topup premium) or Fund Value or 105% of all the premiums paid. The policy terminates thereafter. Death Benefit Option 2: In case of an unfortunate demise during the term of the policy, the nominee receives the following as death benefit: a) Maximum of Sum Assured (including Sum Assured increased on account of payment of top-up premium)or 105% of all premiums paid (including top-up premiums); b) All regular premiums due after death of the life assured are waived i.e. all premiums due after death of the life assured, are paid by the Company. If any premium due date, after the death of the life assured, has passed before the claim is intimated, the due premium is invested. This benefit is known as the Premium Continuance Benefit (PCB). c) An amount equal to the annualised premium is paid to the beneficiary at the start of every policy year, following the date of death, till the end of the Policy Term. This benefit is known as Income Benefit (IB). The unit fund value will continue to remain invested. However, irrespective of the investment fund option(s) chosen or investment strategy chosen, the fund value is transferred to the Stable Fund on the date the claim is intimated. All charges except mortality charges will continue to be deducted till end of the Policy Term. At the end of the Policy Term, the fund value will be paid to the beneficiary. In case of death of the nominee after the death of the life assured: In case of death of the nominee after the death of the life assured before the maturity date, the policy will continue. However, the legal heir can ask for discontinuance of the Policy; on discontinuance, the legal heir will be paid the fund value plus a lump sum amount equivalent to A) 75% of the outstanding PCB for the rest of the Policy Term and B) 75% of the outstanding IB for the rest of the Policy Term. In case of death of the nominee while life assured is alive: Policy continues, provided all the due premiums have been paid The Policyholder can at any time during the Policy Term, include another nominee

Death Benefit for Single Premium is higher of Sum Assured (including sum assured increased on account of payment of top-up premium) or Fund Value.

Exclusion - In case of death due to suicide within one year from the date of issue or date of revival (in case of regular premium policies), only fund value is payable and the policy is terminated.

Key Features
Change in Investment Portfolio Strategy - You have the option to change the investment portfolio strategy anytime during the Policy Term. Special Units - The special units are added to your account at the end of 12th policy year and every year thereafter, till maturity. The value of special units would be equal to 0.45% of the average fund value of the last 12 months before the allotment of special units. Premium Re-direction - This feature allows you to alter the premium allocation to be applied to your future premiums and top-ups. Switch - This feature helps you shift your investments from one fund to another. Four switches are free of charge in each policy year. Tax Benefits - The premiums paid and the benefits received under the policy will be eligible for tax benefits as applicable from time to time. Please consult your tax advisor for details.

Eligibility
Parameter Annualised Premium Minimum Entry Age Regular Premium Minimum Rs.24,000 Minimum: Regular Premium Option 1: 7 years Regular Premium Option 2: 18 years Maximum Entry Age Maximum Maturity Age Policy Term 15 / 20 / 25 years 60 years 75 years Age at entry Upto 50 years Premium Payment Term Sum Assured Minimum Age < 45 years Equal to the policy term Higher of 10 times of Regular AP or (0.5 x Policy Term x AP) Single pay Policy Term 10 years Single Premium Minimum Rs.50,000 Minimum: 7 years

51 years & above 5 years

Other Features
Top-Up Premium - A Top-Up premium is an additional amount of premium over and above the contractual basic premium, with a minimum amount of ` 10,000. You can top-up your premium anytime apart from the last 5 policy years. Free Look Cancellation - If you are not satisfied with the terms and conditions of the policy, you may choose to cancel the policy within 30 days of receiving the policy documents along with stating the reason for such cancellation. Upon such cancellation, you will be paid back fund value, plus premium allocation charge, plus mortality charge, plus policy administration charge, less stamp duty, less medical reports cost, less proportionate mortality charge. Grace Period - For payment of premium, you are allowed a grace period of 15 days for monthly mode and 30 days for all other modes from the premium due date. Discontinued Policy & Revival - Refer to Terms and Conditions later in this brochure.

1.25 x Single Premium

Age >= 45 years Higher of 7 times of Regular AP or (0.25 x Policy Term x AP) Maximum

1.10 x Single Premium

30 x AP. However, you 10 x Single Premium have the option to choose the multiple of 15 / 20 / 25 times the annualised premium Single

Premium Payment Monthly and Annual Frequency

Charges
Premium Allocation Charge - There is no premium allocation charge for any premium, including top-up.

Fund Management Charge - This is a charge levied as a percentage of the value of assets and is appropriated by adjusting the Net Asset Value everyday, when the unit linked funds are priced.
Secure Fund Stable Fund Accelerator Fund Discontinuance Policy Fund 0.50% p.a.

Miscellaneous Charges Facility Change in Investment Portfolio Strategy Switch Allowance Nil Four switches free in a policy year Charges (`) ` 100 per request Minimum 0.1% of the amount switched or ` 500 per extra switch, subject to minimum amount of ` 100 to be switched Minimum ` 200 or maximum of ` 500 per extra request

1.00% p.a.

1.35% p.a.

1.35% p.a.

The fund management charges of all the funds except Discontinuance Policy Fund can be increased by the Company after IRDA approval but shall not exceed 2% p.a. at any point of time. Policy Administration Charge - This is a monthly charge levied every month from the policy date at the beginning of policy month from the policy fund by cancelling units for the equivalent amount from the opted investment fund/s. The charge is ` 100 per month. Mortality Charge - The mortality charge is deducted by cancellation of units at the beginning of each month of your policy. The mortality charge will be calculated based on sum at risk which will include the sum at risk for base cover as well as sum at risk on account of payment of top up premium. Sum at risk for Regular Premium option 1 is defined as higher of Sum Assured (including Sum Assured increased on account of payment of top up premium) or 105% of all premiums paid to date including top-up premiums in excess of fund value (fund value is after deduction of all charges except mortality charge). Sum at risk for Regular Premium option 2 is defined as higher of Sum Assured (including Sum Assured increased on account of payment of top up premium) or 105% of all premiums paid to date including top-up premiums. Mortality Charge for Premium Continuation Benefit is calculated as (one-twelfth of Annual Premium Continuation Benefit Rate applicable to the age on Policy Date and Premium Payment Term multiplied by the annual Premium) divided by 1000. This charge is only applicable if Regular Premium option 2 is opted for. Mortality Charge for Income Benefit is calculated as (one-twelfth of Income Benefit Rate applicable to the age on Policy Date and Premium Payment Term multiplied by the annual Premium) divided by 1000. This charge is only applicable if Regular Premium option 2 is opted for. Sum at risk for policies under single premium is defined as higher of Sum Assured (including Sum Assured increased on account of payment of top up premium) in excess of the fund value (fund value is after deduction of all charges except mortality charge). Premium Redirection Partial Withdrawal

Two times free in a policy year

Four times free in ` 200 per extra a policy year. No charges wtihdrawal for systematic partial withdrawal

The Miscellaneous Charges given above can be increased by the Company but shall not exceed `500.

Terms and Conditions

Partial Withdrawal - This feature is allowed only if the life assured is more than 18 years of age. All due premiums for the first five years have to be fully paid. The amount of any partial withdrawal should not be less than `5,000. An amount equal to a minimum of 2 years annualised premium should be maintained as fund balance after any partial withdrawal. This facility will not be available after death of the Life Assured. Death - For Regular Premium Option 1 and Single Premium the amount of all partial withdrawals made during the period of two years before the date of death will be adjusted against the Sum Assured payable on death. If death occurs after attaining age 60, all partial withdrawals made after attaining age 58, but within the 5-year period before the date of death will be adjusted against the Sum Assured payable on death. Regular Premium Option 1 and 2: if the premiums for the first 5 years have not been paid and the policy is in discontinuance status, the nominee will receive the fund value in the Discontinuance Policy Fund along with interest as death benefit. In case of death due to suicide during first policy year or within one year from the date of revival, only fund value is payable. In case of death of the proposer, during the minority of the life assured, the policy will continue. However, the legal

heir of the proposer can continue paying the premiums or discontinue the policy. On discontinuance, the terms and conditions mentioned below will be applicable. Top-Up - A 5-year lock-in period is observed from the date of making the Top-Up.. This facility will not be available after death of the Life Assured. Top up premium will increase the sum assured by 1.25 times the top up amount, if the life assured is below 45 years of age at the time of making the top up or by 1.1 times the top up amount, if the life assured is 45 years and above. The policyholder has the choice of selecting top-up sum assured of 10 times the top-up amount. Top-up premium will increase the sum assured subject to underwriting. Switch and Premium redirection - This facility is not available if Trigger Portfolio Strategy is opted. This facility will not be available after death of the Life Assured. Service Tax - Service tax or any other tax shall be levied as per prevailing tax laws. Discontinuance of premium - Discontinuance of Regular Premium within five years of the Policy Date If any premium is not paid after the grace period, the Company will send a notice to the Policyholder immediately after the expiry of the grace period (but not later than 15 days from that date of expiry of the grace period) to either (a) revive the policy or (b) to completely withdraw from the policy without any life cover. If Policyholder does not exercise any of the options within 30 days from the date of receipt of notice (i.e. if Policyholder does not respond to the notice sent by the Company) or opts for option b then the policy will be discontinued and the discontinuance value (fund value less discontinuance charge of the year in which premium was discontinued) will be shifted to the Discontinuance Policy Fund. The returns of the Discontinuance Policy Fund after deduction of the fund management charges is guaranteed not to be less than rate of return stipulated by IRDA. Currently the minimum rate of return stipulated by IRDA is the savings bank accounts interest rate of State Bank of India. The discontinuance value in the Discontinuance Policy Fund will be paid to the policyholder after the lock in period. The life cover will continue till the time the policy is shifted to Discontinuance Policy Fund or revival request is received. On revival of the policy, all benefits under the policy will become payable to the Policy Holder as per the terms and conditions of the policy from the date of revival. Discontinuance of Regular Premium after five Policy Years If any premium is not paid after the grace period, the company will

send a notice to the Policy Holder immediately after the expiry of the grace period (but not later than 15 days from that date of expiry of the grace period) to either (a) revive the policy or (b) to completely withdraw from the policy without any life cover. If Policyholder does not exercise any of the options within 30 days from the date of receipt of notice (i.e. if Policy Holder does not respond to the notice sent by the company) or opts for option b then the policy will be discontinued and the fund value will be paid to the Policyholder and policy will cease to exist.

Revival of the Policy Revival of the lapsed policy within the lock in period: Policyholder will have 2 years to revive the policy from the date of discontinuance and not later than the expiry of the lock in period. Revival of the policy is not allowed after the expiry of the lock in period. The policy can only be revived by paying all the outstanding premiums during the lock in period. On revival of the policy, all benefits under the policy will become payable to the policyholder as per the terms and conditions of the policy from the date of revival. Fund value under Discontinuance Policy Fund + Discontinuance charges deducted will be credited back to the investment fund at the then prevailing NAV. Revival of the lapsed policy after the lock in period: If policyholder does not exercise any of the options mentioned above within 30 days from the date of receipt of notice or opts for option b then the policy will be discontinued and the fund value will be paid to the policyholder and policy will cease to exist. Revival of the policy will be subject to the following conditions: Satisfactory evidence of insurability of the Life Assured ; and Payment in full of an amount equal to all the Policy Premiums due but unpaid till the Effective Date of Revival. The Effective Date of Revival is the date on which the above requirements are met by the Policyholder and approved by the Company. On this date, appropriate Premium Allocation Charge will be deducted from the above mentioned payment and the balance of the premium amount shall be invested in Investment funds as chosen by the Policyholder. Method of caluclation of Unit Values (Valuation of Unit Linked Funds) The unit pricing shall be computed as Market value of the investment held by the fund plus value of current assets less value of current liabilities and provisions, if any and divided by the number of

units existing on the valuation date (before creation / redemption of units). Units will be created in the Investment Fund/s on receipt by the Company of the contribution (except First contribution) along with a local cheque/demand draft payable at par at the place where the premium/application for switch is accepted by us on the following basis: the same days closing Unit Price shall be applicable if received before the Cut-off time ( the Same Day) the next days closing Unit Price shall be applicable if received after the Cut-off time ( the Next Day) In respect of contribution (except First contribution) received with outstation cheques/demand drafts at the place where the contribution is accepted by us, the closing unit price of the day on which cheques/demand draft is realized shall be applicable. In respect of First contribution, the applicable Unit Price will be of the date of commencement of policy or date of realization of the amount by the Company, whichever is later. If the Same Day or the Next Day or the due date of the contribution is not a Valuation Date, then the Company shall apply the Unit Price of the next immediate Valuation Date. Units will be cancelled from the Investment Funds, when an application (including in respect of claims, discontinuance, maturity, switch) is received by the Company: at the same days closing Unit Price ( the Same Day), if received before the cut-off time. at the next days closing Unit Price ( the Next Day), if received after the cut-off time. Company will follow the rounding off rules as given under for the computation of unit price and number of units: Unit Price will be computed to four decimal places. Number of Units will be computed to six decimal places. Cut-off time is 3 p.m. as stipulated by IRDA. Assignment and Nomination: Assignment: An assignment of the Policy can be made by an endorsement on the Policy itself or by a separate instrument signed in either case by the assignor specifically stating the fact of assignment and duly attested. The first assignment can be made only by You. Assignment shall be effective, from and upon the service of a written notice to the Company, together with the endorsement or instrument or a copy thereof, duly certified to be correct by both the assignor and the assignee. Assignment will not be permitted where the policy is issued under the Married Womens Property Act, 1874 and conditions apply to assignments of policies issued to partnerships or Hindu Undivided Families.

Nomination: You may at any time during the Policy Term make a nomination for the payment of the benefits under the Policy in the event of your death. Where the nominee is a minor, an Appointee, who is not a minor, will necessarily, be appointed by You to receive the death benefits during the minority of the nominee. Nomination can be made by communicating the same in writing to the Company. The Nominee can be changed by You at any time during the term of the Policy and any such change shall vacate earlier nomination automatically. Nomination will not be permitted if You are not the Life Assured under the Policy. The Company does not express any opinion on the validity or legality of the assignment or nomination. An assignment cancels a nomination automatically. In absence of the nominee, the Death Benefit will be paid to your legal heir. Investment Fund Closure / Modification The Company reserves the right to close / modify any Investment Fund at any time by giving a three month written notice of its intention to close/ modify the Investment Fund and from the date of such closure/ modification the Company will cease to create or cancel Units in the said Investment Fund (Closing Investment Fund). Closure/ modification of an Investment Fund will be on the happening of an event which in the sole opinion of the Company requires the said Investment Fund to be closed/ modified and such closure / modification of an investment fund shall be subject to prior approval of IRDA. The Company will require the Policyholder who has invested in the Closing Investment Fund to replace it with another Investment Fund/s (Replacing Investment Fund) in the format specified by the Company and before the date specified in the written notice of the Company. Upon receiving Policyholders confirmation, units in the Closing Investment Fund allocated to the Policy will be cancelled on the last Valuation Date of the Closing Investment Fund. The Company will create Units in the Replacing Investment Fund/s, with proceeds from the cancellation of the Units in the Closing Investment Fund on the last Valuation Date of the Closing Investment Fund. If the Company has not received the confirmation as above from the Policyholder for modification of policy Investment Fund allocation before the closure of the Investment Fund, the Company will: Switch policy funds from the Closing Investment Fund to the most conservative Investment Fund then available; and change Allocation Proportion in such a way that the percentage of allocation of premium to the Closing Investment Fund is added to the percentage allocated to the most conservative Investment Fund option then available. Currently the most conservative Investment Fund option is Secure Fund. The Company would however declare the most conservative Investment Fund option from time to time depending upon its then current Investment profile.

About AEGON Religare Life Insurance

AEGON, an international life insurance, pension and investment company, Religare, a global financial services group and Bennett, Coleman & Company, Indias largest media house, have come together to launch AEGON Religare Life Insurance Company Limited (ARLI). ARLI launched its pan-India operations in July, 2008 following a multi-channel distribution strategy with a vision to help people plan their life better.In an industry first, we offer policy servicing on the phone via Interactive Voice Response System (IVR). As an international life insurance, pension and investment company, AEGON has businesses in over twenty markets in the Americas, Europe and Asia. With headquarters in The Hague, The Netherlands, AEGON companies employ approximately 28,000 people and serve some 40 million customers across the globe. AEGON has more than 160 years of experience with its roots going back to 1844 and holds 26% equity in our Company Religare Enterprises Limited (REL) is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religares largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. With over 10,000 employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals, and retail investors. REL holds 44% equity in our Company. Bennett, Coleman & Company Limited (BCCL), Indias largest media house holds 30% equity in our Company. BCCL owns some of the prominent brands such as Times of India, Economic Times, Times Now, Radio Mirchi, Zoom and Femina. Prohibition of Rebates Section 41 of the Insurance Act, 1938 states: 1) 1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. 2) Any person making default in complying with the provision of this section shall be punishable with fine, which may extend to Five Hundred Rupees. Section 45 of Insurance Act, 1938 states: In accordance with Section 45 of Insurance Act, 1938, no policy of life insurance shall, after the

expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal of insurance or any report of a medical officer, or a referee, or a friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statements was on material factor or suppressed facts which it was material to disclose and that it was fraudulently made by the Policy Holder and that the Policy Holder knew at the time of making that the statement was false or that it suppressed facts which it was material to disclose. Product Name: AEGON Religare iMaximize Inusrance Plan UIN 138L030V02 Risk factors - Unit linked Life Insurance products are different from the traditional insurance products and as such, are subject to risk factors The premium paid in unit linked life insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the policy holder is responsible for his/ her decisions AEGON Religare Life Insurance is only the name of the Insurance Company and AEGON Religare iMaximize Insurance Plan is only the name of the unit linked life insurance contract. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges, from your insurance Agent or the Intermediary or policy document of the insurer. This is a non-participating unit linked savings plan and we do not offer policy loan in this plan.

For more details Call 1800 209 9090 www.aegonreligare.com

Insurance is the subject matter of the solicitation. IRDA Company Registration No. 138. Registered Office: AEGON Religare Life Insurance Company Ltd., 2nd Floor, Paranjpe B Scheme, Subhash Road, Near Garware House, Vile Parle (East) , Mumbai - 400057. Advt. No. IC/January 2011/951

V No. ii / September 2012